Charity No 1134021
ST MARY’S CHURCH ARNOLD NOTTINGHAM
ANNUAL REPORT IN RESPECT OF THE PAROCHIAL CHURCH COUNCIL
FOR THE FINANCIAL YEAR ENDED 31[ST] DECEMBER 2023
Incumbent: Vacant The Vicarage, Church Lane, Arnold, Nottingham
Bankers: HSBC Bank plc 26 Clumber Street Nottingham
Independent Examiner: Mr G J Thomas 137 Gedling Road Arnold Nottingham
The St Mary’s Parochial Church Council (PCC) has the responsibility of co-operating with the Vicar in promoting in the ecclesiastical parish the whole mission of the Church of England, pastoral, evangelistic, social and ecumenical. The primary object is the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. The parish of Arnold is a large urban parish on the north-east side of Nottingham based on the northern part of the Old Urban District Council area of Arnold, the population of this is some 24,000. The clergy stipends together with housing costs are paid by the Church Commissioners and are not reflected in these accounts. The base and work centre is the Church of St Mary, situated in Church Lane, Arnold which is a stone building dating back some 700 years. The freehold of this is vested in the Diocesan Board of Finance of Southwell and Nottingham. On land next to and held by the Church was erected in about 1965 the building known as the Church Hall (or Family Centre) and this has received a major rebuilding. The PCC own 22 St Mary’s Close which is now being rented after it had been used as a base for the curate in the parish.
Details of the main services are shown on page 3.
1
The church has various groups for fellowship and outreach, and these include Community Kitchen, Seniors Teas, and Youth and Children’s groups.
The PCC is a corporate body established by the Church of England. The PCC operates under the PCC powers measure. The PCC is registered with the charity commissioners.
The Parochial Church Council met on the 10 January 14 March, 7 June, 5 September and 7 November. Five members are elected each year for a three-year term at the Annual Meeting. Others may be co-opted. The appointment of PCC members is governed by and set out in the Church Representation Rules.
SUNDAY SERVICES
| 1st. Sunday | 2nd. Sunday | 3rd. Sunday | 4th. Sunday | 5th. Sunday |
|---|---|---|---|---|
| 9am. Holy Communion (BCP) |
9am. Holy Communion (CW) |
9am. Holy Communion (CW) |
9am. Holy Communion (CW) |
|
| 10:30am. Morning Gathering |
10:30am. Morning Gathering |
10:30am. Joint Service including Communion |
10:30am. Morning Gathering |
10:30am. Morning Gathering |
2
MEMBERS OF THE PAROCHIAL CHURCH COUNCIL FOR 2023
Vicar: Vacant
Church Wardens: Mr Ian Rosillo Ms Angela Davidge
Deanery Representatives:
Mrs Larrie Thompson (until APCM) Mrs Kate Lake Ms Christine Peet
Diocesan Synod: Mr Michael Bolton
Elected Members:
Ms Kirsty Aplin Mr Christopher Baker Mr Jake Chaplin Mr Alan Langton Mrs Sylvia Marshall Mrs Mary Norris Mrs Andrea Sands Mr Andrew Sands Mr Peter Spencer Mrs Melissa Watt (until APCM)
Mrs Larrie Thompson Co-opted as Secretary Mr Brian West Co-opted as Treasurer
3
COMMITTEES OF ST MARY'S CHURCH ARNOLD
The PCC operates through the standing committee between full meetings of the PCC .
1. Standing Committee
Chairman – Vacant (The Vicar)
The other committee members are:
Church Wardens – Ian Rosillo and Angela Davidge
PCC Secretary Larrie Thompson and PCC Treasurer Brian West.
It has power to transact the urgent business of the PCC between its meetings and is the only committee required by law.
OBJECTIVES AND ACTIVITIES
The PCC is committed to enabling as many people as possible to worship at the church and to become part of the parish community. Our services and worship put faith into practice through prayer and scripture, music and sacrament.
We try to enable ordinary people to live out and grow in their faith as part of our parish community through:
a) Worship and prayer and teaching, helping them to grow in their relationship with God
b) Provision of pastoral care for people living in the parish – Home Communions, Funeral/Bereavement visits.
c)Outreach work – Messy Church, Community Kitchen, Tots, Baptisms and Funerals.
To facilitate this work, it is important that we maintain the fabric of the Church of St Mary and the Church Family Centre.
4
FINANCIAL REVIEW OF THE YEAR
The depressed economic situation following the covid closures had a serious effect on gatherings which led to reduced activities.
The Church's main source of income is the Planned Giving which has for many years been operated through a gift aid scheme, a full renewal of which took place in September 2017. The amount received in 2023 was £44,639. The scheme basically encourages the payment of regular giving, usually by means of bank standing order or giving envelopes, with the view that income tax is recoverable on the giving under Gift Aid. Other normal income consists of collections both at normal services and specific services such as in respect of funerals. The church is thankful for the response to giving for special appeals. We are able to reclaim tax on various sources of income to a total of £7,880.
The principal item of expenditure is the parish share. This is an apportionment of the costs of the Diocese of Southwell and Nottingham based on their actual and potential Church membership and ability to give. The amount finally apportioned to Arnold by the Gedling Deanery for the year to 31 December 2023 was £87,456. We paid £66,000, leaving £21,456 unpaid. The amount requested for 2024 is £72,000. The PCC is responsible for the maintenance of the church building and for clergy expenses. The church and the hall are insured for fire presently for £15,290,000.
The other main items of income and expenditure relate to the Church Hall (or Family Centre). This is mostly let to church related organizations and receipts from this are shown at some £12,225 for the year. This amount was less than expected as the building had to be closed when the floor became uneven. This was repaired temporarily, and plans are in hand to do a complete depth reflooring. The cost of maintaining the building was £18,627. The finances were greatly assisted by a donation of £10,000.
5
Income will be reduced next year following the closure of St Mary’s preschool playgroup. The expected cost of the reflooring is some £20,000 and it is expected that Arnold Education Foundation may assist.
The total church expenditure for the year was £107,100 and the total income was £108,702 leaving a deficit of income over expenditure of £1,602.
The PCC own a property at 22 St Mary’s Close for church use. It was donated to the parish for use by a curate and is now being rented as there is currently no curate. The property is managed by a Lettings Agency.
Grateful thanks continue to be offered to the many members who do unpaid work to enable the church to function so effectively.
These accounts have been prepared under the Church Accounting Regulations 2006 and in accordance with the Charities SORP 2005 (FRS 102) and applicable accounting standards.
Signed on behalf of the PCC
Ian Rosillo Churchwarden
2 April 2024
6
ST MARY'S CHURCH, ARNOLD, NOTTINGHAM STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED
31ST DECEMBER 2023
| INCOMING RESOURCES | Unrestricted Funds |
Restricted Funds |
Total 2023 |
Total 2022 |
|
|---|---|---|---|---|---|
| from Donors Planned Giving Collections Grants Tax Recoverable Wedding Collections Funeral Thanksgiving Appeal Donations |
44,639 6,358 3,000 7,880 36 6,540 11,232 79,685 |
44,639 6,358 3,000 7,880 36 6,540 11,232 79,685 |
46,508 5,239 650 16,685 186 125 5,815 10,599 85,807 |
||
| From Operating Activities Compass Magazine Wedding & Funeral Fees Sundry Letting of Family Centre Sunday Grps/Activity Week |
1,381 4,943 1,269 12,225 1,296 21,114 |
1,381 4,943 1,269 12,225 1,296 21,114 |
2,317 4,610 708 12,758 1,148 21,541 |
||
| Activities Generating Funds Summer/Christmas Fairs |
653 | ||||
| Income from Investments Rent – Parish House Bank & Building Soc. Int |
6,200 101 107,100 |
6,200 101 107,100 |
6,000 9 114,010 |
||
| Expenditure per schedule Deficit of Income over Expenditure |
108,702 (1,602) |
108,702 (1,602) |
101,768 12,242 |
||
| Allocation to funds General Fund |
(1,602) | (1,602) | 12,242 |
7
ST MARY'S CHURCH, ARNOLD, NOTTINGHAM STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023
| RESOURCES EXPENDED | Unrestricted Funds |
Restricted Funds |
Total 2023 |
Total 2022 |
|
|---|---|---|---|---|---|
| Activities directly relating to the work of the Church Diocesan Parish Share Church Repairs Clergy Working Exp. Church Admin. Church Heat & Light Church Insurance Service Requisites Printing & Religious Lit. Choir Expenses & Organ Magazine Costs |
66,000 1,250 - 2,425 4,881 4,289 517 798 1,792 2,757 |
66,000 1,250 - 2,425 4,881 4,289 517 798 1,792 2,757 |
60,000 2,321 262 2,268 4,071 3,684 375 1,040 1,853 2,180 |
||
| Family Centre Expenses Repairs & Maintenance Insurance Light & Heat Caretaker Family Centre Sunday Grps/Activity Wk Sundry Expenses Bank Charges St Mary’s Close Donations & Gifts |
6,789 2,145 4,655 5,038 1,637 412 211 3,106 - |
6,789 2,145 4,655 5,038 1,637 412 211 3,106 - |
5,444 1,856 4,142 4,667 1,287 403 253 5,662 - |
||
| Total Resources Expend. | 108,702 | 108,702 | 101,768 |
Parish Share: Amount allocated by Deanery £87,456 (2022 £78,797) actually paid £66,000 (2022 £60,000). Unpaid £21,456 (2022 £18,797) No employee earned £50,000 or more.
Ian Rosillo (Director of Music) is employed at £1,000 per annum.
8
ST. MARY'S CHURCH, ARNOLD, NOTTINGHAM
BALANCE SHEET AS AT 31ST DECEMBER 2023
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| **Buildings ** | |||||
| Church Hall/Family Centre Historical Cost 1stJanuary 2000 Less Depreciation |
12,179 12,179 |
- | 12,179 12,179 |
- | |
| Family Centre Rebuilding Costs Costs to 1stJanuary 2003 Less Family Centre Rebuilding Fund |
148,131 148,131 |
- | 148,131 148,131 |
- | |
| House–22 St Mary’s Closes Cost to 31stDecember 2013 |
130,132 | 130,132 | |||
| Current Assets Debtors Prepayments Income Tax Recoverable Bank Balances & Cash |
- 2,438 15,235 4,136 21,809 |
973 312 10,656 23,348 35,289 |
|||
| Less Current Liabilities Loan Repayable 6 April 2023 Sundry Creditors Community Street Care Net Current Assets/(Liabilities) |
16,181 3,450 19,631 |
2,178 132,310 |
10,000 18,059 3,450 31,509 |
3,780 133,912 |
Note : For current value of buildings see financial review page.
9
ST. MARY'S CHURCH, ARNOLD, NOTTINGHAM BALANCE SHEET AS AT 31ST DECEMBER 2023 (Continued) - REPRESENTED BY:
| REPRESENTED BY:- | ||||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| General Fund | ||||||
| Balance as at 1stJanuary 2023 (Loss)/ Surplus for the year |
1,173 (1,602) |
(429) | (11,070) 12,243 |
1,173 | ||
| Family Centre Rebuilding Fund (Restricted Fund) Balance as at 1stJanuary 2012 Less Cost of Rebuilding |
148,131 148,131 |
- | 148,131 148,131 |
- | ||
| Housing Fund Cost of House |
130,132 | 130,132 | ||||
| Appeal Funds (Restricted) Tower/Roof Repairs Balance at 1stJan 2023 Tower Repairs Organ Contributions Received |
1,987 1,987 620 |
2,607 132,310 |
3,847 1,860 1,987 620 |
2,607 133,912 |
10
ST MARY’S CHURCH, ARNOLD, NOTTINGHAM ACCOUNTING POLICIES
The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCC’s together with applicable accounting standards and the current Statement of Recommended Practice, Accounting and Reporting by Charities (SORP102).
The financial statements have been prepared under the historical cost convention.
Fund Accounting
Unrestricted funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC.
Restricted Funds comprise revenue donations and grants for a specific PCC activity intended by the donor.
Designated funds are general funds set aside by the PCC for use in the future.
The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body or those that are informal gatherings of church members.
Incoming Resources
Planned Giving, collections and similar donations are recognized when received. Tax refunds on gift aid donations are recognized when the donation is received.
Other Income
Rental income from the letting of church premises has been recognised when the rental is paid.
11
Resources Expended
Diocesan parish share is accounted for when paid.
FIXED ASSETS
Consecrated property and Movable Church Furnishings
Consecrated and beneficed property is not included in the accounts in accordance with s.10(2)(a) and (c) of the Charities Act 2011.
Movable church furnishings held by the vicar and churchwardens on special trust for the PCC, and which require a faculty for disposal, are inalienable property listed in the church's inventory which can be inspected (at any reasonable time). For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Subsequently no individual item has cost the church more than £1,000 so all such expenditure has been written off when incurred.
12
Charity No 1134021
ST MARY’S CHURCH ARNOLD NOTTINGHAM
ANNUAL REPORT IN RESPECT OF THE PAROCHIAL CHURCH COUNCIL
FOR THE FINANCIAL YEAR ENDED 31[ST] DECEMBER 2023
Incumbent: Vacant The Vicarage, Church Lane, Arnold, Nottingham
Bankers: HSBC Bank plc 26 Clumber Street Nottingham
Independent Examiner: Mr G J Thomas 137 Gedling Road Arnold Nottingham
The St Mary’s Parochial Church Council (PCC) has the responsibility of co-operating with the Vicar in promoting in the ecclesiastical parish the whole mission of the Church of England, pastoral, evangelistic, social and ecumenical. The primary object is the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. The parish of Arnold is a large urban parish on the north-east side of Nottingham based on the northern part of the Old Urban District Council area of Arnold, the population of this is some 24,000. The clergy stipends together with housing costs are paid by the Church Commissioners and are not reflected in these accounts. The base and work centre is the Church of St Mary, situated in Church Lane, Arnold which is a stone building dating back some 700 years. The freehold of this is vested in the Diocesan Board of Finance of Southwell and Nottingham. On land next to and held by the Church was erected in about 1965 the building known as the Church Hall (or Family Centre) and this has received a major rebuilding. The PCC own 22 St Mary’s Close which is now being rented after it had been used as a base for the curate in the parish.
Details of the main services are shown on page 3.
1
The church has various groups for fellowship and outreach, and these include Community Kitchen, Seniors Teas, and Youth and Children’s groups.
The PCC is a corporate body established by the Church of England. The PCC operates under the PCC powers measure. The PCC is registered with the charity commissioners.
The Parochial Church Council met on the 10 January 14 March, 7 June, 5 September and 7 November. Five members are elected each year for a three-year term at the Annual Meeting. Others may be co-opted. The appointment of PCC members is governed by and set out in the Church Representation Rules.
SUNDAY SERVICES
| 1st. Sunday | 2nd. Sunday | 3rd. Sunday | 4th. Sunday | 5th. Sunday |
|---|---|---|---|---|
| 9am. Holy Communion (BCP) |
9am. Holy Communion (CW) |
9am. Holy Communion (CW) |
9am. Holy Communion (CW) |
|
| 10:30am. Morning Gathering |
10:30am. Morning Gathering |
10:30am. Joint Service including Communion |
10:30am. Morning Gathering |
10:30am. Morning Gathering |
2
MEMBERS OF THE PAROCHIAL CHURCH COUNCIL FOR 2023
Vicar: Vacant
Church Wardens: Mr Ian Rosillo Ms Angela Davidge
Deanery Representatives:
Mrs Larrie Thompson (until APCM) Mrs Kate Lake Ms Christine Peet
Diocesan Synod: Mr Michael Bolton
Elected Members:
Ms Kirsty Aplin Mr Christopher Baker Mr Jake Chaplin Mr Alan Langton Mrs Sylvia Marshall Mrs Mary Norris Mrs Andrea Sands Mr Andrew Sands Mr Peter Spencer Mrs Melissa Watt (until APCM)
Mrs Larrie Thompson Co-opted as Secretary Mr Brian West Co-opted as Treasurer
3
COMMITTEES OF ST MARY'S CHURCH ARNOLD
The PCC operates through the standing committee between full meetings of the PCC .
1. Standing Committee
Chairman – Vacant (The Vicar)
The other committee members are:
Church Wardens – Ian Rosillo and Angela Davidge
PCC Secretary Larrie Thompson and PCC Treasurer Brian West.
It has power to transact the urgent business of the PCC between its meetings and is the only committee required by law.
OBJECTIVES AND ACTIVITIES
The PCC is committed to enabling as many people as possible to worship at the church and to become part of the parish community. Our services and worship put faith into practice through prayer and scripture, music and sacrament.
We try to enable ordinary people to live out and grow in their faith as part of our parish community through:
a) Worship and prayer and teaching, helping them to grow in their relationship with God
b) Provision of pastoral care for people living in the parish – Home Communions, Funeral/Bereavement visits.
c)Outreach work – Messy Church, Community Kitchen, Tots, Baptisms and Funerals.
To facilitate this work, it is important that we maintain the fabric of the Church of St Mary and the Church Family Centre.
4
FINANCIAL REVIEW OF THE YEAR
The depressed economic situation following the covid closures had a serious effect on gatherings which led to reduced activities.
The Church's main source of income is the Planned Giving which has for many years been operated through a gift aid scheme, a full renewal of which took place in September 2017. The amount received in 2023 was £44,639. The scheme basically encourages the payment of regular giving, usually by means of bank standing order or giving envelopes, with the view that income tax is recoverable on the giving under Gift Aid. Other normal income consists of collections both at normal services and specific services such as in respect of funerals. The church is thankful for the response to giving for special appeals. We are able to reclaim tax on various sources of income to a total of £7,880.
The principal item of expenditure is the parish share. This is an apportionment of the costs of the Diocese of Southwell and Nottingham based on their actual and potential Church membership and ability to give. The amount finally apportioned to Arnold by the Gedling Deanery for the year to 31 December 2023 was £87,456. We paid £66,000, leaving £21,456 unpaid. The amount requested for 2024 is £72,000. The PCC is responsible for the maintenance of the church building and for clergy expenses. The church and the hall are insured for fire presently for £15,290,000.
The other main items of income and expenditure relate to the Church Hall (or Family Centre). This is mostly let to church related organizations and receipts from this are shown at some £12,225 for the year. This amount was less than expected as the building had to be closed when the floor became uneven. This was repaired temporarily, and plans are in hand to do a complete depth reflooring. The cost of maintaining the building was £18,627. The finances were greatly assisted by a donation of £10,000.
5
Income will be reduced next year following the closure of St Mary’s preschool playgroup. The expected cost of the reflooring is some £20,000 and it is expected that Arnold Education Foundation may assist.
The total church expenditure for the year was £107,100 and the total income was £108,702 leaving a deficit of income over expenditure of £1,602.
The PCC own a property at 22 St Mary’s Close for church use. It was donated to the parish for use by a curate and is now being rented as there is currently no curate. The property is managed by a Lettings Agency.
Grateful thanks continue to be offered to the many members who do unpaid work to enable the church to function so effectively.
These accounts have been prepared under the Church Accounting Regulations 2006 and in accordance with the Charities SORP 2005 (FRS 102) and applicable accounting standards.
Signed on behalf of the PCC
Ian Rosillo Churchwarden
2 April 2024
6
ST MARY'S CHURCH, ARNOLD, NOTTINGHAM STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED
31ST DECEMBER 2023
| INCOMING RESOURCES | Unrestricted Funds |
Restricted Funds |
Total 2023 |
Total 2022 |
|
|---|---|---|---|---|---|
| from Donors Planned Giving Collections Grants Tax Recoverable Wedding Collections Funeral Thanksgiving Appeal Donations |
44,639 6,358 3,000 7,880 36 6,540 11,232 79,685 |
44,639 6,358 3,000 7,880 36 6,540 11,232 79,685 |
46,508 5,239 650 16,685 186 125 5,815 10,599 85,807 |
||
| From Operating Activities Compass Magazine Wedding & Funeral Fees Sundry Letting of Family Centre Sunday Grps/Activity Week |
1,381 4,943 1,269 12,225 1,296 21,114 |
1,381 4,943 1,269 12,225 1,296 21,114 |
2,317 4,610 708 12,758 1,148 21,541 |
||
| Activities Generating Funds Summer/Christmas Fairs |
653 | ||||
| Income from Investments Rent – Parish House Bank & Building Soc. Int |
6,200 101 107,100 |
6,200 101 107,100 |
6,000 9 114,010 |
||
| Expenditure per schedule Deficit of Income over Expenditure |
108,702 (1,602) |
108,702 (1,602) |
101,768 12,242 |
||
| Allocation to funds General Fund |
(1,602) | (1,602) | 12,242 |
7
ST MARY'S CHURCH, ARNOLD, NOTTINGHAM STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023
| RESOURCES EXPENDED | Unrestricted Funds |
Restricted Funds |
Total 2023 |
Total 2022 |
|
|---|---|---|---|---|---|
| Activities directly relating to the work of the Church Diocesan Parish Share Church Repairs Clergy Working Exp. Church Admin. Church Heat & Light Church Insurance Service Requisites Printing & Religious Lit. Choir Expenses & Organ Magazine Costs |
66,000 1,250 - 2,425 4,881 4,289 517 798 1,792 2,757 |
66,000 1,250 - 2,425 4,881 4,289 517 798 1,792 2,757 |
60,000 2,321 262 2,268 4,071 3,684 375 1,040 1,853 2,180 |
||
| Family Centre Expenses Repairs & Maintenance Insurance Light & Heat Caretaker Family Centre Sunday Grps/Activity Wk Sundry Expenses Bank Charges St Mary’s Close Donations & Gifts |
6,789 2,145 4,655 5,038 1,637 412 211 3,106 - |
6,789 2,145 4,655 5,038 1,637 412 211 3,106 - |
5,444 1,856 4,142 4,667 1,287 403 253 5,662 - |
||
| Total Resources Expend. | 108,702 | 108,702 | 101,768 |
Parish Share: Amount allocated by Deanery £87,456 (2022 £78,797) actually paid £66,000 (2022 £60,000). Unpaid £21,456 (2022 £18,797) No employee earned £50,000 or more.
Ian Rosillo (Director of Music) is employed at £1,000 per annum.
8
ST. MARY'S CHURCH, ARNOLD, NOTTINGHAM
BALANCE SHEET AS AT 31ST DECEMBER 2023
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| **Buildings ** | |||||
| Church Hall/Family Centre Historical Cost 1stJanuary 2000 Less Depreciation |
12,179 12,179 |
- | 12,179 12,179 |
- | |
| Family Centre Rebuilding Costs Costs to 1stJanuary 2003 Less Family Centre Rebuilding Fund |
148,131 148,131 |
- | 148,131 148,131 |
- | |
| House–22 St Mary’s Closes Cost to 31stDecember 2013 |
130,132 | 130,132 | |||
| Current Assets Debtors Prepayments Income Tax Recoverable Bank Balances & Cash |
- 2,438 15,235 4,136 21,809 |
973 312 10,656 23,348 35,289 |
|||
| Less Current Liabilities Loan Repayable 6 April 2023 Sundry Creditors Community Street Care Net Current Assets/(Liabilities) |
16,181 3,450 19,631 |
2,178 132,310 |
10,000 18,059 3,450 31,509 |
3,780 133,912 |
Note : For current value of buildings see financial review page.
9
ST. MARY'S CHURCH, ARNOLD, NOTTINGHAM BALANCE SHEET AS AT 31ST DECEMBER 2023 (Continued) - REPRESENTED BY:
| REPRESENTED BY:- | ||||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| General Fund | ||||||
| Balance as at 1stJanuary 2023 (Loss)/ Surplus for the year |
1,173 (1,602) |
(429) | (11,070) 12,243 |
1,173 | ||
| Family Centre Rebuilding Fund (Restricted Fund) Balance as at 1stJanuary 2012 Less Cost of Rebuilding |
148,131 148,131 |
- | 148,131 148,131 |
- | ||
| Housing Fund Cost of House |
130,132 | 130,132 | ||||
| Appeal Funds (Restricted) Tower/Roof Repairs Balance at 1stJan 2023 Tower Repairs Organ Contributions Received |
1,987 1,987 620 |
2,607 132,310 |
3,847 1,860 1,987 620 |
2,607 133,912 |
10
ST MARY’S CHURCH, ARNOLD, NOTTINGHAM ACCOUNTING POLICIES
The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCC’s together with applicable accounting standards and the current Statement of Recommended Practice, Accounting and Reporting by Charities (SORP102).
The financial statements have been prepared under the historical cost convention.
Fund Accounting
Unrestricted funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC.
Restricted Funds comprise revenue donations and grants for a specific PCC activity intended by the donor.
Designated funds are general funds set aside by the PCC for use in the future.
The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body or those that are informal gatherings of church members.
Incoming Resources
Planned Giving, collections and similar donations are recognized when received. Tax refunds on gift aid donations are recognized when the donation is received.
Other Income
Rental income from the letting of church premises has been recognised when the rental is paid.
11
Resources Expended
Diocesan parish share is accounted for when paid.
FIXED ASSETS
Consecrated property and Movable Church Furnishings
Consecrated and beneficed property is not included in the accounts in accordance with s.10(2)(a) and (c) of the Charities Act 2011.
Movable church furnishings held by the vicar and churchwardens on special trust for the PCC, and which require a faculty for disposal, are inalienable property listed in the church's inventory which can be inspected (at any reasonable time). For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Subsequently no individual item has cost the church more than £1,000 so all such expenditure has been written off when incurred.
12
INDEPENDENT EXAMINER'S REPORT TO THE PAROCHIAL CHURCH COUNCIL
OF ST MARY’S CHURCH, ARNOLD
I report on the accounts for the year ended 31 December 2023, which are set out on pages 7 to 12.
Respective responsibilities of the Trustees and the Independent Examiner
The charity trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to
(1) examine the accounts under section 145 of the 2011 Act
(2) follow the procedures laid down in the General Directions given by the Charity Commissioners section 145(5)(b) of the 2011 Act: and (3) State whether particular matters have come to my attention.
Basis of Independent Examiner’s Statement
My examination was carried out in accordance with the General Directions given by the Charity Commission.
An examination includes a review of the accounting records kept by the PCC and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the management committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently I do not express an audit opinion on the accounts.
Independent Examiner's Statement
In connection with my examination, no matters has come to my attention:
(1) which give me reasonable cause to believe that in any material respect the requirements
. to keep accounting records in accordance with s. 130 of the 2011 Act; or
. to prepare accounts which accord with the accounting records have not been met:
or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed : Mr G J Thomas A.C.M.A. 137 Gedling Road Arnold Nottingh am